Government spending News

White House adviser Kellyanne Conway said on Tuesday said that President Donald Trump supports massive US government spending plans hammered out by Congress this week.

The additional spending will be on top of an approved spending of $334.9 billion in the annual budget, the statement tabled in the lower house of parliament said.

India's growth is likely to remain unchanged at 7.1 percent this fiscal, as investments are low and government spending may not remain high given the fiscal consolidation path the country is treading, says a report.

The Indian economy is likely to grow by 7.4 percent in the next fiscal year, India Ratings and Research (Ind-Ra) on Tuesday said.

The Finance Ministry on Friday sought Parliament's nod to spend an additional Rs 25,500 crore in the current fiscal, nearly half of which will be spent on capital infusion into state-owned banks to help them overcome the high bad loans situation.

Union Finance Minister Arun Jaitley termed as "mere jugglery of figures" the Congress' claim of drastic cuts in the social sector spending by the government.

Facing tough negotiations with the European Union over a crucial debt financing deal, Greece`s hard-left government revealed Thursday it will seek millions in savings through spending cuts to ministerial budgets.